RE:RE:RE:RE:RE:RE:Decided today was time to take some profitsnavgod wrote: mouserman wrote: navgod wrote: Have sold some this week to add to my DF/DFN positions. Unless circumstances change all these positions will be retracted at the end of Nov.
LFE remains my largest position.
I have been adding DF as well, just find it a better value than DFN...BUT remind me again how this retraction works. I know you have to submit a request ahead of the date, and then it takes a while.
IN the meantime the shares can runup...if very many have enough knowledge to know about that
retraction option. Is it every 5 years?
Yes for DF,DFN,and FFN the extension occurs every five years. Every six years for LFE. The capital shares will receive the NAV as calculated on Nov.30th. Retraction must be submited by November 1 but your broker will have a deadline 2 or 3 business days prior. Payments under the retraction will be made by Dec.15th. For anyone cosidering submiting into this retraction make sure your broker understands the transaction.
The discount for these shares should narrow as we approach Nov.1. The interesting part will be how the discount reacts after the date passes. GLTA
Thanx for that clarification navgod... might take advantage of that with DF if the discount is big enough.
LFE discount is pretty small today , and lifeocs got beten up hard at the opne, i think profittaking was due.